Common use of Negotiable Collateral Clause in Contracts

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Borrower, immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 25 contracts

Samples: Loan and Security Agreement (Mountasia Entertainment International Inc), Loan and Security Agreement (Sizzler International Inc), Loan and Security Agreement (Banyan Systems Inc)

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Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, BorrowerBorrower shall, immediately upon the request of Foothill, shall endorse and assign such Negotiable Collateral to Foothill and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 12 contracts

Samples: Loan and Security Agreement (National Standard Co), Security Agreement (QMS Inc), Loan and Security Agreement (Bollinger Industries Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, BorrowerBorrowers, immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 9 contracts

Samples: Loan and Security Agreement (International Remote Imaging Systems Inc /De/), Loan and Security Agreement (Morrow Snowboards Inc), Loan and Security Agreement (Celebrity Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, BorrowerCompanies, immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 1 contract

Samples: Loan and Security Agreement (Starcraft Corp /In/)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, each Borrower, immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 1 contract

Samples: Loan and Security Agreement (Global Sports Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, the applicable Borrower, immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 1 contract

Samples: Loan and Security Agreement (P Com Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, the applicable Borrower, immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill. 4.3.

Appears in 1 contract

Samples: Loan and Security Agreement (Multigraphics Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Borrower, immediately upon the written request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 1 contract

Samples: Loan and Security Agreement (National Media Corp)

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Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Borrower, immediately upon the request of Foothill, Borrower shall, and shall cause its Subsidiaries to either (a) endorse and deliver physical possession of such Negotiable Collateral to Foothill, or (b) cause any third Person in possession of such Negotiable Collateral to acknowledge that it is holding such item of Collateral as the representative of Foothill.

Appears in 1 contract

Samples: Loan and Security Agreement (Discovery Zone Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is Accounts are converted into or become evidenced by or consists of Negotiable Collateral, Borrower, immediately upon the request of Foothill, shall endorse and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 1 contract

Samples: Loan and Security Agreement (Oneita Industries Inc)

Negotiable Collateral. In the event that any Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, Borrowereach Guarantor shall, immediately upon the request of Foothill, shall endorse and assign such Negotiable Collateral to Foothill and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 1 contract

Samples: Security Agreement (Discovery Zone Inc)

Negotiable Collateral. In the event that any Borrower Collateral, including proceeds, is evidenced by or consists of Negotiable Collateral, BorrowerBorrower shall, immediately upon the request of Foothill, shall endorse and assign such Negotiable Collateral to Foothill and deliver physical possession of such Negotiable Collateral to Foothill.

Appears in 1 contract

Samples: Loan and Security Agreement (Image Entertainment Inc)

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